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Deep Tide TechFlow News, on March 27, The Wall Street Journal reported, citing sources familiar with the matter, that Elon Musk's X company has conducted a round of layoffs in recent weeks, dismissing the Chief Marketing Officer and some non-technical staff. This move comes as its parent company SpaceX prepares for a potential IPO that could exceed $1 trillion, with X aiming to adjust its company size.
Previously, according to The Information, SpaceX plans to submit an IPO application as early as this week, with market sources indicating it aims to raise up to $75 billion in the IPO.